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Business refinancing for UK SMEs

TMS Finance ▬
Refinance
Business funding · Refinance

Put your repayments back in step with the business.

Several loans, weekly repayments or an expensive short-term facility can leave a viable business short of cash. Refinancing may replace existing borrowing with a more suitable structure. The test is whether the new arrangement improves the position after every settlement cost and fee.

Review my business borrowing

Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.

An enquiry does not commit you to proceed. Finance is subject to status, affordability, provider criteria and approval. Fees, security and personal guarantees may apply.

Refinance – TMS Finance

When a refinancing review makes sense

  • Weekly or daily deductions put pressure on monthly cash flow.
  • Several facilities have different repayment dates and terms.
  • A short-term facility now supports a longer-term business need.
  • The business has improved since its current finance was agreed.
  • You need to separate debt replacement from new growth funding.

Compare the whole transaction

Start with accurate settlement figures and early-repayment charges. Then compare the new borrowing amount, net cash released, monthly payment, term, total repayment, arrangement and broker fees, and any legal or valuation costs. A lower instalment over a longer period can increase the total cost.

Avoid replacing one problem with another

Refinancing may introduce security, a debenture or a personal guarantee that was not required before. Existing lenders may need to release charges or agree priority. A company loan described as unsecured can still involve personal exposure. Assets used as security may be at risk if repayments are not maintained.

An example of the right comparison

Illustration only: reducing a monthly payment does not prove a saving. If a replacement loan runs for much longer or adds fees to the balance, the business may pay more overall. Compare both monthly breathing room and lifetime cost before deciding.

Why involve TMS?

TMS Finance reviews each commitment and the purpose of the refinance before approaching selected lenders. We help distinguish a better repayment structure from additional debt that merely postpones the same cash-flow problem. TMS is a credit broker, not a lender.

1

Send the business details

Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.

2

Review the appropriate route

We will discuss the requirement and the information needed for a suitable provider or specialist review.

3

Check terms before deciding

The responsible provider or specialist explains eligibility, scope, costs and obligations. You decide whether to proceed.

What to prepare

Start with the settlement details

Prepare the lender name, balance, payment amount and frequency, remaining term, settlement quote, security and guarantees for each facility. Add recent accounts, bank statements and any new funding requirement. A lender must assess affordability; approval is not guaranteed.

Refinance FAQs

Answers to help you decide what to do next.

Not always. Eligibility, security, settlement costs and lender appetite may mean only part of the debt can be refinanced.

It can improve monthly cash flow, but a longer term or added fees may increase total repayment.

Possibly, subject to affordability and provider criteria. Compare the debt replacement and extra borrowing separately.

Do not assume so. A new lender may require its own guarantee or security. Check the written terms and any release of existing obligations.

Review my business borrowing

Send your balances, repayment amounts, settlement figures and the cash-flow outcome you want to achieve.

Call 0345 257 0161 or email info@uktms.com.

Review my business borrowing
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